Wall Street's Latest Blockbuster Stock Split Has Arrived -- and This Industry Titan Has Rallied 337,000% Over the Last 32 Years

Excitement for high-profile stock splits has helped power the broader market higher.

Though there are two types of stock splits -- forward and reverse -- investors tend to shun the latter and gravitate to the former.

A game-changing partnership with Coca-Cola and mammoth market share have allowed this consumer goods goliath to dominate for decades.

Although the evolution of artificial intelligence (AI) has been Wall Street's defining trend for the better part of the last four years, it's not the stock market's only upside catalyst. Stock splits being conducted by high-profile companies are generating ample buzz on Wall Street.

While several remarkable companies have completed splits this year , including AI-driven cybersecurity solutions provider CrowdStrike Holdings and online travel site Booking Holdings , none have the resume of Wall Street's latest blockbuster stock split, Monster Beverage (NASDAQ: MNST) , which has gained a whopping 337,000% since the start of 1994.

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A stock split is an event that allows a public company to cosmetically adjust its share price and outstanding share count. These changes are superficial in that they don't affect a company's market cap or its operating performance.

Though stock splits only come in two varieties, investors have vastly different opinions of these corporate actions.